National Bank Financial Expects Weaker Earnings for Cameco

Key Points

• National Bank Financial has lowered its FY2026 EPS estimate for Cameco to $1.34 per share, down from the previous estimate of $1.35.
• Multiple analysts have increased their price targets for Cameco, with BMO Capital Markets raising it from C$105.00 to C$110.00 and Raymond James Financial increasing it from C$115.00 to C$120.00.
• Currently, Cameco holds an average rating of "Buy" among analysts, with a consensus price target of C$107.08.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities researchers at National Bank Financial lowered their FY2026 EPS estimates for Cameco in a research note issued on Thursday, August 21st. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings of $1.34 per share for the year, down from their prior estimate of $1.35. National Bank Financial also issued estimates for Cameco's FY2027 earnings at $2.40 EPS.

Several other equities analysts have also weighed in on CCO. BMO Capital Markets upped their price objective on shares of Cameco from C$105.00 to C$110.00 in a report on Tuesday, August 5th. Raymond James Financial upped their price objective on shares of Cameco from C$115.00 to C$120.00 in a report on Thursday. National Bankshares upped their price objective on shares of Cameco from C$110.00 to C$115.00 and gave the company an "outperform" rating in a report on Friday. Desjardins boosted their target price on shares of Cameco from C$105.00 to C$110.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Bank of America boosted their target price on shares of Cameco from C$93.00 to C$106.00 in a research report on Tuesday, June 10th. Four equities research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, Cameco presently has an average rating of "Buy" and a consensus price target of C$107.08.

Cameco Price Performance

CCO stock opened at C$103.61 on Monday. The firm has a market cap of C$45.60 billion, a price-to-earnings ratio of 391.47, a PEG ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a 12-month low of C$48.71 and a 12-month high of C$110.85. The company's fifty day simple moving average is C$102.22 and its 200 day simple moving average is C$79.11.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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